Real Estate Statistics
Average Price | $399K |
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Lowest Price | $50K |
Highest Price | $1.4M |
Total Listings | 55 |
Avg. Days On Market | 148 |
Avg. Price/SQFT | $260 |
Property Types (active listings)
Browse Beaver Island Homes for Sale
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- Under $100,000
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Beaver Island, MI Homes for Sale: 2025 Market Guide
Nestled in the heart of Lake Michigan, Beaver Island is one of the Midwest's best-kept secrets. If you're looking for a place where nature thrives, time slows down, and waterfront views greet you daily, Beaver Island, MI homes for sale offer a unique opportunity for peace, privacy, and property potential. As Michigan’s largest island, this remote paradise has become increasingly popular among homebuyers seeking a blend of adventure and serenity.
With the 2025 housing market bringing fresh listings and opportunities, it's the perfect time to explore this scenic destination. Whether you're dreaming of a cozy cabin, a luxurious lakefront estate, or a rustic retreat, Beaver Island has something to offer for every kind of buyer.
Introduction to Beaver Island, MI Real Estate
Why Choose Beaver Island? Scenic, Secluded, and Special
Beaver Island isn't just a location—it's a lifestyle. Unlike bustling mainland cities, the island offers an unmatched calmness that appeals to retirees, remote workers, artists, and vacationers. It’s accessible by ferry or private plane, giving it a remote charm that attracts people looking for a slower pace and close-knit community.
Residents enjoy activities like hiking, kayaking, birdwatching, and stargazing. With just over 600 year-round residents, you won’t find traffic jams or crowded streets—just natural beauty and friendly neighbors.
Current Real Estate Market Trends on Beaver Island
Home Prices in 2025: What to Expect
In 2025, Beaver Island’s real estate prices are relatively stable compared to high-demand vacation markets. Prices range from around $150,000 for modest cabins to over $1 million for custom-built waterfront homes. According to recent listings, median prices hover near $325,000—a sweet spot for buyers seeking a vacation home or permanent island residence.
Inventory Levels and Buyer Competition
Inventory levels are limited, and homes don't stay on the market for long, especially in high-demand waterfront zones. New listings are sporadic due to the small size of the island and the limited number of properties.
Types of Properties Available
Here are the most common types of properties found on Beaver Island:
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Lakefront homes with private beaches or docks
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Inland cabins surrounded by forest and nature
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Historic cottages with island charm
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Modern off-grid homes for eco-conscious buyers
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Vacant land for custom building
Best Neighborhoods and Areas to Buy a Home
St. James Township: The Island’s Heartbeat
As the main village and ferry port, St. James offers proximity to shops, restaurants, the marina, and community events. Homes here are ideal for those who want to be close to island amenities.
The West Side: Waterfront Living
This side boasts larger lots, sunset views, and some of the island’s most desirable real estate. It’s perfect for retirees or vacation home buyers who prioritize water access and privacy.
Inland Properties: Peaceful and Private
Further from the shoreline, inland homes offer seclusion and often more acreage. These properties are best suited for nature lovers and those looking to go off the grid.
Top Beaver Island, MI Homes for Sale Right Now
Featured Listings by Price Range
Homes Under $250K
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Rustic 2-bedroom cabins
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Seasonal cottages with wooded surroundings
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Fixer-uppers ideal for investment
Homes Between $250K–$500K
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Renovated year-round homes
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Mid-sized lakefront houses
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Modern eco-homes with solar features
Luxury Listings Over $500K
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Lakefront estates with private docks
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Multi-acre compounds with guest homes
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Custom homes with panoramic views and modern amenities
Step-by-Step Guide to Buying a Home on Beaver Island
Hiring a Local Real Estate Agent
Given Beaver Island’s unique market and limited inventory, working with a local real estate agent is a must. These professionals know the ins and outs of the island, including seasonal accessibility, off-grid homes, and local ordinances. A good agent will help you find listings that might not be publicly advertised and will guide you through a smoother closing process.
Financing Options and Mortgage Tips
While cash offers are common due to the island's unique setting, traditional mortgages are also available. However, some lenders may have stricter criteria for island properties. It's best to:
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Get pre-approved early
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Work with a lender familiar with rural or vacation property loans
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Consider additional costs like ferry transport, off-grid infrastructure, or higher insurance premiums
Inspection and Closing Process
Home inspections are essential, especially for older or off-grid homes. Inspectors will check for:
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Water systems and septic tanks
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Structural integrity
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Off-grid systems (solar, generators, propane)
Closing might take a bit longer due to the island’s location, so plan for an extended timeline and additional trips or remote notary options.
Cost of Living and Property Taxes
Beaver Island’s cost of living is generally lower than mainland Michigan, especially for property taxes. The average tax rate in Charlevoix County is about 1.5% of a property’s assessed value. Utilities may be higher due to the remote location and delivery costs, especially if you're relying on propane or generator power.
Common monthly expenses may include:
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Satellite internet or limited broadband
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Propane and/or generator fuel
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Water filtration systems
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Snow removal or ferry transportation fees
Renting vs. Buying on Beaver Island
If you're not quite ready to commit, renting can be a smart way to explore island life. Many homes are available for seasonal or long-term rental, especially during the summer months. This can help you:
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Understand the community and lifestyle
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Explore various areas of the island
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Get familiar with transportation and access issues
However, renting long-term can be tricky during the summer tourist season, when most properties shift to short-term vacation rentals.
Living on Beaver Island: What to Expect Year-Round
Lifestyle and Community
Beaver Island has a strong sense of community. Residents participate in potlucks, volunteer fire departments, local school events, and more. With only one grocery store, one gas station, and a few restaurants, it’s a close-knit lifestyle where everyone knows your name.
Access and Transportation
The island is accessible by:
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Ferry (May to October from Charlevoix, MI)
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Airplane (Daily flights via Island Airways and Fresh Air Aviation)
Winters can be isolating, but the beauty of the frozen lake and snow-covered trails draws a different kind of peace.
Utilities, Internet, and Services
Modern utilities are available but may be limited. Internet service varies—many rely on Starlink or satellite providers. Electricity is available to most parts of the island, but some homes are fully off-grid. Trash pickup, water delivery, and septic maintenance are usually managed independently.
Investment Potential and ROI of Beaver Island Homes
As tourism increases and remote work becomes more popular, Beaver Island is gaining attention. Buying now can be a smart investment:
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Vacation rental income potential is high during peak months (June–September)
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Limited housing inventory creates consistent demand
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Property values have seen steady appreciation over the last five years
However, it’s crucial to check with local zoning laws and township ordinances before planning any short-term rental strategy.
Common Challenges When Buying Island Property
While buying property on Beaver Island has many perks, buyers should also be aware of:
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Limited contractor availability for home repairs
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Delays in material delivery due to ferry schedules
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Additional costs for remote infrastructure (water systems, septic tanks)
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Seasonal market fluctuations
Working with experienced professionals can help you overcome these hurdles and avoid surprises.
Tips for Out-of-State and First-Time Buyers
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Visit in All Seasons: Island life is very different in winter vs. summer.
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Understand Off-Grid Living: Make sure you’re comfortable with the maintenance required.
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Budget for Travel: Costs can add up if you need to fly or ferry often.
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Build Local Relationships: From realtors to handymen, island connections are vital.
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Join Online Forums: Look for Beaver Island Facebook groups and forums to ask questions and connect.
Real Estate Agent Recommendations
When buying property on Beaver Island, working with experienced professionals can make all the difference. One standout option is BrookWalsh.com, a trusted name in Michigan real estate.
Brook Walsh and his team specialize in luxury waterfront and island properties, offering:
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Exclusive access to off-market listings
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In-depth knowledge of Beaver Island's zoning and real estate trends
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Personalized service for out-of-state and investment buyers
Whether you're looking for a peaceful vacation home or a long-term investment, BrookWalsh.com is an excellent resource to begin your journey.
FAQs about Beaver Island, MI Homes for Sale
1. Can I get a mortgage for a home on Beaver Island?
A. Yes, but it depends on the lender. Some prefer cash deals due to the unique risks associated with island properties.
2. Are there schools on Beaver Island?
A. Yes, there’s a public K-12 school called Beaver Island Community School, which serves year-round families.
3. How do residents handle emergencies or medical needs?
A. There’s a health center on the island, and air ambulance services are available for more serious cases.
4. Is the island suitable for year-round living?
A. Absolutely. While winters are quiet and access is limited, many residents live year-round and enjoy the lifestyle.
5. Are there building restrictions or zoning laws?
A. Yes. Each township has zoning ordinances, so always check before buying land or planning renovations.
6. Can I rent out my property as a vacation rental?
A. Many owners do, especially in summer. But confirm with local ordinances first, as short-term rentals may be regulated.
Conclusion: Finding Your Island Paradise
Whether you're looking for a summer escape, a long-term home, or a peaceful retirement spot, Beaver Island, MI homes for sale offer something truly special. With stunning lake views, tight-knit community living, and the chance to disconnect from the hustle of modern life, Beaver Island stands out as one of Michigan’s most enchanting real estate markets.
Ready to explore your options? Begin by connecting with a local real estate agent and planning your first trip—you might just find your dream home on this magical island.
Continue Your Northern Michigan Real Estate Search. Explore homes and real estate in the Northern Michigan communities below or contact Brook Walsh to help you with your search.
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